ATT ACHMENT X
FY 2025-26 Budget Adoption Addendum
The one-time budget adjustments listed below are meant to reduce the use of General Fund Reserves for FY 2025-26. Upon budget adoption, staff will implement the proposed adjustments.
Reduction in IT Software and Transfer to General Fund $100,000 Reduction in Fleet Capital Budget and Transfer to General Fund $800,000 Reduction in General Liability Insurance General Fund Transfer $1,300,000 Reduction in Economic Development Fund General Fund Transfer $250,000 Reduction in City Manager’s Supplies & Services $50,000 Removal of Development Services Contracts $94,000
Property Acquisition Management Project Transfer to General Fund $600,000 Additional Vacancy Savings from Frozen Positions $1,396,860 Transfer of Route 238 Property Fund Balance to General Fund $2,650,000 Total Savings $7,240,860.00
Projected Deficit $16.1 million – Total Savings $7,240,860 Updated Projected Deficit = $8,859,140 ($8.9 million)